According to recent reports, Hungary published a decree in the Official Gazette on 18 October 2017 to amend the country's transfer pricing documentation requirements in order to bring them in line with the Master and Local file requirements of BEPS Action 13. Hungary already followed the prior EU master/local transfer pricing file concept, but will now require greater detail based on the latest OECD guidance. The new Master/Local file requirements are mandatory for fiscal years beginning on or after 1 January 2018, but may also be followed in respect of the 2017 fiscal year in certain cases. Preparation in English...